Started in 2009 by a group of students and friends at the Massachusetts Institute of Technology (MIT), the Awesome Foundation now has chapters around the world, including two in Mongolia. You think they could see how awesome is geonomics — the public recovery and sharing of Earth’s worth?
We suffer too much. Not from nature failing to provide, but because our customs have not evolved with the times. Our society generates surplus and we let a few grasp it rather than all share it.
The powers-that-be lead farmers astray. Industrial chemicals don’t up yield after a few years. Government subsidies don’t make land affordable. If powerful entities can’t find a safe way to make money, then take away their power. Let’s quit limiting the liability of irresponsible firms and not pay subsidies to groups but pay a land-rent dividend to all citizens.
Whatever any government decrees, it can reverse, easily swayed by the rich pro-dam lobby and mining companies who typically get their way. What those insider owners are after is Earth’s worth, something that belongs to us all. We all have to realize our common heritage, feel the loss of our common wealth, and speak up and institutionalize this land ethic.
Yet how quickly will the Motor City will rebound, so housing will turn a profit? Downtown Detroit 35 years ago was as destitute as it is now, and it shows few signs of getting better. To get better, Detroit, like anywhere, would need to quit taxing buildings and instead recover land’s rental value to spur owners to develop. But should one’s home be another’s property?
Expect jobs to pay enough to live? Forget it. They can’t. Get used to the idea of an income apart from your labor or capital. Demand a fair share of the value of your region’s land. The fairest and most efficient way to distribute society’s surplus.
Here’s why environmentalists could all become pro-competition, pro-open market, and grow leery of taxes and other restraints on free and fair trade. Do politicians do what’s best? Can they even know? Or would buyers and sellers on an equal footing do a better job for all concerned?
Hundreds of millions of times a day, thirsty Americans open a can of soda, beer, or juice. Every time they do, they pay a fraction of a penny more to Goldman Sachs and other financial players who write the rules and nearly monopolize the storage of metal. So where’s competition when you really need it? To prevent banks for growing too big and powerful, don’t let them collect “rent”, all our spending for the lands we use. Let’s redirect such spending with Land Dues or taxes. It works.
Another oil-rich government, like Alaska does, looks to turn oil rent into land rent. Smart move. Why don’t we all do it? All of us could get comfy from location value. All we need do is charge Land Dues and disburse Rent Dividends to the citizenry.
As home-plus-land prices climb and inventory grows smaller, the nation’s largest mortgage lenders, without even spending a cent are snapping up properties, a strategy which society as a whole might consider adopting to end speculation and prosper.
Babies don’t have to be taught right from wrong, but all of us were babies, so what happens to us? What can we grownups do to avoid weakening a baby’s ethics? Can we at least hold up a moral vision of sharing Earth for everyone to follow?
Renters everywhere worry about rents going up. Like people everywhere, they see the value of location as belonging to the landowner, rather than owed by owner to the community. Recovering and sharing site value would make anywhere affordable.